Re: [XVG] Verge - Speculation & Discussion

Interesting to see how some can offer valuation of 40 Sats. They say "the real value is:", what's this based on? What precedence? What value metrics? The fact is that with this coin the only contextual historicity we have is what's happened to other similar coins in the space; many of which have current values of 1000 Sats even in this dip.

Ongoing development, multiple Algos, possible Hybrid (PoW & PoS), Privacy Focus, possible SegWit, possible Dedicated Marketing Team and a Community of HDLRs. Remember the possibilities are brought to fruition by the community. So sell, short and take some profits if you must just make sure you don't miss hopping back on because $XVG is gonna be $1.00. To the HODLRs: "HODL ON"

What are you basing your $1 value on?

In the absence of traditional valuation methods everyone at this point is pretty much feeling their way in the dark as it relates to coin prices. This most likely will continue till we start gathering more measurable outcomes and accruing some historical performance data. Wiith that said; we can, at this point, start getting some guidance based on peer coin price, performance and intent. Based on this, let's use $XRP as an example. Though sometimes touted as a functional currency Ripple is in reality a settlement token for inter bank transfers. If we take the price history over the past 2 months or so and we use the current circulating supply of coins we arrive at a ratio that provides $XVG with a $1.00 price.

Now the $1 price prediction for $XVG takes into consideration the continuation of meaningful development, marketing, adoptability and community involvement. With these in place, the $1.00 price target, as far fetched as it seems to many, is a very reachable target. In fact $1 is just the beginning of greater things to come. Just think that telling people a year ago that $XRP would hit 23k Satoshis would of seem ridiculous, yet Ripple has rested at these highs.

Hang tight to your Verges and get more if you can because you won't regret it.

So your reasoning for $1 value is based on another coin that's purpose and intent has little similarity to XVG? Ripple's price is based purely on speculation that it will become the interbank transfer crypto currency of choice. What is XVG's differentiator? I am long on XVG, I am all for $1 XVG and currently kicking myself for selling out of a sizable holding early at around 70 SAT.

In the sense of a Relational Hypotheses and the set of variables include what XRP is to settlement XVG is to transactional currency.

At this point it's all speculation. Who has determined that BTC is worth $2,800.00 and ETH $400.00? Only those willing to buy a Bitcoin or an Ether today at that price because they see the potential of appreciation and another willing to sell it because maybe they've realized a profit. In the case of XVG someone's gonna feel in the near future that at the price of a dollar the coin has the potential to provide a hefty return and they're going to pay that buck. When you unloaded a hefty amount at 70 SAT the one that bought it from you might of thought they could sell it for 100 or more. Why did the one buying feel they could get 100 SATs? Because most likely after getting the basics out of the way, they wether intentional or not, did a simple review of peer coin pricing and determined that in relation to other coins Verge would appreciate. The review most likely included, current circulation, total circulation, ATH, ATL and Market Cap. So as I've mentioned before a constant aerial survey of the space, a perpetual evaluation of the days' trends and prices can lead one without the aid of historical data evaluations to start making decisions that prove to be right slightly more often than they are wrong. When I do this with XVG I see $1.00 and providing the basics don't change this remains a constant true for me even if the price today is half of what it was last week. I'm VERGED IN MAN!